Strong eurozone fundamentals and Swiss National Bank's ongoing aim to keep the Swiss franc away from investors' safe haven appetite will push EUR/CHF up to 1.18 in six months and to 1.20 at the end of 2018, says Rabobank. EUR/CHF is last down 0.1% at 1.1574. "The combination of strong growth, low rates and relatively stable politics in the eurozone means that from an investors' perspective this could be as good as it gets." This provides support for the euro and at the same time takes away some investor appetite for the Swiss franc. Moreover, low inflation in Switzerland means the SNB will likely continue its loose monetary policy, says Rabobank.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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